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General Preventive Maintenance Checklist For Rental Properties. In most cases, the preventive maintenance required varies depending on the type and location of the rental property.
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
An addendum is an attachment to a contract that can introduce new terms. Both parties must agree to them, however, refusing may have consequences down the line.
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
Here's all they had to say on the one winter home maintenance tasks they don't want you forget. Meet the Experts. Glenn Gault is the CEO of Gault Heating & Cooling.
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